Brexit could cost Britain 100 million pounds

Leaving the EU might cost the UK 100 billion pounds in lost economic output by 2020, equal to 5% of total GDP, the Confederation of British Industry (CBI) reported on Sunday.

A stall holder sells t-shirts with a slogan urging British people to leave the EU (Photo: Reuters)

CBI Director-General Carolyn Fairbairn said Brexit would be a real blow to living standards, jobs, and growth for the UK. 950,000 British people could lose their jobs by 2020, increasing the unemployment rate by 2%.

British will vote on whether to leave or stay in the UK on June 23rd./.